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Forbes Releases New Billionaire Rankings As Musk Reclaims No. 1 Spot (Full list)

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Elon Musk has once again claimed the top spot on Forbes’ list of the world’s richest individuals, thanks to a sharp rise in Tesla shares and a strategic withdrawal from public office.

As of June 1, 2025, Musk’s estimated net worth stands at a colossal $423 billion.

According to Forbes, Musk’s fortune rose by $36 billion in May alone — largely fueled by a 23% rally in Tesla stock following news of the company’s anticipated robotaxi rollout.

The billionaire also stepped down from his role as head of the U.S. Department of Government Efficiency, a position he held under President Donald Trump.

READ ALSO: Elon Musk Joins Trump Administration To Cut Bureaucracy

Musk made the announcement alongside Trump during a press briefing in the Oval Office of the White House on May 30.

The image of Musk removing his cap as he addressed journalists next to the U.S. President underscored the end of his formal political engagement and a renewed focus on his private ventures: Tesla, SpaceX, xAI, and X.

Forbes remarked that this series of events “further cemented Musk’s status as the world’s wealthiest person by far.”

Tech fortunes dominated the latest rankings. Mark Zuckerberg climbed to second place with $224 billion, displacing Jeff Bezos, who now sits in third with $220 billion.

Zuckerberg’s rise was propelled by an 18% jump in Meta’s share price, while Bezos benefitted from an 11% boost in Amazon stock, adding $19 billion to his wealth.

Meanwhile, the global market rebound — particularly in the tech-heavy Nasdaq and S&P 500, which gained 10% and 6% respectively — provided fertile ground for wealth accumulation across the tech sector.

The remaining names in the top ten reflect familiar faces:

Larry Ellison (Oracle) – $206bn

Warren Buffett (Berkshire Hathaway) – $158bn

Bernard Arnault (LVMH) – $144bn

Larry Page (Google) – $142bn

Sergey Brin (Google) – $136bn

Steve Ballmer (Microsoft, LA Clippers) – $133bn

Amancio Ortega (Inditex/Zara) – $124bn

While most billionaires saw gains in May, Buffett experienced a notable decline.

Forbes reported that he lost $9 billion following his announcement to step down as Berkshire Hathaway CEO — a decision that triggered a 5% drop in the company’s stock. Arnault also lost $3 billion due to a slight dip in LVMH shares.

Steve Ballmer moved up the list, surpassing Ortega after Microsoft’s stock jumped by 16%, adding $15 billion to his fortune.

Ortega, on the other hand, saw only a modest $600 million gain due to flat movement in Inditex shares.

Together, the top ten richest people now control a combined $1.9 trillion — an increase of $140 billion in just one month.

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BREAKING: Nollywood Star Alex Ekubo Reportedly Dies at 40 After Health Battle

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The Nigerian entertainment industry has been thrown into mourning following reports that popular Nollywood actor Alex Ekubo has died at the age of 40 after an alleged battle with kidney cancer.

The heartbreaking news surfaced on Tuesday after fellow Nollywood actor Godwin Nnadiekwe shared an emotional tribute on Instagram, expressing shock and sadness over Ekubo’s reported passing.

SEE ALSO: Nollywood Actress Doris Ogala Comes Hard On Gov Alex Otti Over Abia Money

“I’m struggling to find the words. This news has truly broken me,” Nnadiekwe wrote.
“Nollywood has lost a rare soul, and I’m lost for words because this wasn’t the plan, Alex Ekubo.

“To think you already prepared your will — it’s a heartbreak I can’t quite describe. Rest well, my friend.”

According to a Nollywood source, Ekubo was rushed to the hospital on Monday after reportedly battling kidney cancer.

The source claimed the actor died on Tuesday afternoon after spending hours on life support.

The development comes months after concerns emerged over the actor’s health due to his prolonged absence from social media.

A check on his pages showed that his last post was made on December 30, 2024, raising questions among fans about his wellbeing.

Since the news broke, social media has been flooded with tributes from fans, celebrities, and colleagues mourning the actor’s reported death and celebrating his contributions to the movie industry.

As of the time of filing this report, neither Ekubo’s family nor his management team had issued an official statement regarding the reports.

Ekubo was widely known for his roles in several Nollywood blockbuster films and remained one of the most recognised actors in the Nigerian entertainment industry.

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Biggest Winners, Surprises at AMVCA 2026 [Full List]

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The 12th edition of the Africa Magic Viewers’ Choice Awards 2026 delivered glamour, emotional moments, and major surprises as Africa’s biggest stars gathered at the Eko Hotel and Suites on Saturday night for one of the continent’s most prestigious entertainment events.

The ceremony, which began at 7 p.m., celebrated excellence in African film, television, and digital storytelling, with several Nollywood productions dominating the night.

SEE ALSO: All The Winners From The 2025 AMVCA Awards [Full List]

One of the biggest highlights of the evening was the dominance of “My Father’s Shadow,” which emerged as the biggest winner after clinching Best Movie, Best Director, Best Writing – Movie, and Best Sound/Sound Design.

Reality TV also had a strong showing as “Nigerian Idol” Season 10 won the Best Unscripted Series category.

The awards ceremony was broadcast live across Africa Magic channels on DStv and GOtv, attracting millions of viewers across the continent.

Full List of Winners and Nominees at AMVCA 2026

Best Costume Design

Winner: “Colours of Fire” – Valerie Okeke

Nominees:
“The Serpent’s Gift” – Mary Chukuma
“The Real Housewives of Lagos (S3)” – Deola Art Alade, Darey Art Alade
“Something About The Briggs” – Yolanda Okereke
“To Kill a Monkey” – Ikechukwu Urum, John Joseph Angel

Best Makeup

Winner: “Warlord” – Hakeem Onilogbo

Nominees:

“Behind The Scenes” – Mojisola Imam
“Lisabi (A Legend Is Born)” – Adeola Thelma Bamgboye
“Gingerrr” – Diablaq Artistry
“Abanisete” – Adeola Thelma Bamgboye
“Suky” – Ruth Harcourt
“Labake Olododo” – Adeola Thelma Bamgboye

Best Sound/Sound Design

Winner: “My Father’s Shadow” – Pius Fatoke, CJ Mirra

Nominees:

“Gingerrr” – Tolu Obanro
“Ben Made It” – Vaughan Phillips
“The Party” – Tolu Obanro
“Sebata (The Beast)” – Vaughan Phillips
“The Herd” – Fisayo Adefolaju

Best Writing – TV Series

Winner: “MTV Shuga Mashariki” – Annette Shadeya, Natasha Likimani, Mkamzee Mwatela, Arnold Mwanjila, Makgano Mamabolo

Nominees:
“The Wives” – Donald Tombia, Timendu Aghahowa, Chiemeka Osuagwu
“Our Husband” – Xavier Ighorodje
“Addis Fikir” – Besufekade Mulu
“Baba OH” – Temilola Balogun
“The Party” – Stephen Okonkwo
“Gizat” – Yednekachew Ayne

Best Art Direction

Winner: “Colours of Fire” – Ajamolaya Bunmi

Nominees:
“The Serpent’s Gift” – Zainab Oladupupo
“The Herd” – Omolade Abisola
“Aljana” – Olatunji Afolayan, Gideon Stephen
“Suky” – Victor Akpan
“Inimba” – Thabiso Senne

Best Writing – Movie

Winner: “My Father’s Shadow” – Wale Davies

Nominees:
“The Herd” – Lani Aisida
“Blackout” – Ikenna Okpara
“Cards on the Table” – Shirleen Wangari
“Gingerrr” – Xavier Ighorodje
“Suky” – Isaac Ayodeji
“3 Cold Dishes” – Tomi Adesina

Best Cinematography

Winner: “To Kill A Monkey” – Kabelo Thathe

Nominees:
“My Father’s Shadow” – Jermaine Edwards
“The Herd” – Emmanuel Igbekele
“Finding Nina” – Daanong Gyang
“The Serpent’s Gift” – Emmanuel Igbekele
“Stitches” – KC Obiajulu
“Gingerrr” – Emmanuel Igbekele

Best Digital Content Creator

Winner: “Leave To Live” – Emmanuel Kanaga and Sophia Chisom
Nominees:
“Luxury Koko” – Maryam Apaokagi-Greene (Taaoma)
“The Marriage List” – Destiny Ogie Osarewinda
“The Rate Race” – Benedict Ehimare Oriaifo
“August Meeting Election” – Steve Chuks
“Did I Just Hear Muah” – Akwaman

Best Indigenous Language Film (West Africa)

Winner: “Lisabi (A Legend is Born)” – Lateef Adedimeji

Nominees:
“The Serpent’s Gift” – Winifred Mena-Ajakpovi
“Labake Olododo” – Iyabo Ojo and team
“Aljana” – Grace Yachat Yakubu
“Olorisha” – Abiola Adeshina

Best Indigenous M-Net Original

Winner: “Inimba” – Siphosethu Tshapu, Thandi Ramathesele and Yolanda Ndhlovu

Nominees:

“Kukoyi” – David Akande

“Undugu” – Hatibu Madudu
“Out N’ About (Harar)” – Bruk Yibrah
“Kamapala Creme” – Joel Ndugwa
“The Chocolate Empire” – Grace Kahaki and Phillippe Bresson
“Mgbuka” – Eze Izu

Best Unscripted Series

Winner: “Nigerian Idol (S10)” – Sulaiman Kassim and Anneke De Ridder

Nominees:

“The Real Housewives of Lagos (S3)” – Deola Art Alade, Darey Art Alade
“Ultimate Girls Trip: Africa” – Graeme Swanepoel
“Off Air” – Gbemi and Toolz
“Out N’ About” – Bruk Yibrah

Best Scripted M-Net Original

Winner: “The Low Priest” – Femi D. Ogunsanwo

Nominees:
“Adam to Eve” – Lizz Njagah and Alexandros Konstantaras
“Mother of the Brides” – Rogba Arimoro and Bio Arimoro
“The Yard” – James Kalu Omokwe
“Bobo” – Maurice Muendo

Best Supporting Actress

Winner: Linda Ejiofor – “The Herd”

Nominees:
Olamide Kidbaby – “Oversabi Aunty”
Bisola Aiyeola – “Gingerrr”
Sola Sobowale – “The Covenant Series”
Nadia Dutch – “Aljana”
Amal Umar – “The Herd”
Juliebrenda Nyambura – “MTV Shuga Mashariki”
Funke Akindele – “Behind the Scenes”

Best Supporting Actor

Winner: Bucci Franklin – “To Kill a Monkey”

Nominees:
Simileoluwa Hassan – “The Yard”
Lateef Adedimeji – “Gingerrr”
Gabriel Afolayan – “Colours of Fire”
Femi Adebayo – “King of Thieves 2”
Lateef Adedimeji – “Red Circle”
Femi Branch – “Owambe Thieves”
Uzor Arukwe – “Behind the Scenes”

Best Lead Actress
Winner: Linda Ejiofor – “The Serpent’s Gift”

Nominees:
Bimbo Akintola – “To Kill A Monkey”
Ifeoma Fafunwa – “The Lost Days”
Ariyike Owolagba – “Something About The Briggs”
Sola Sobowale – “Her Excellency”
Scarlet Gomez – “Behind the Scenes”
Genoveva Umeh – “The Herd”
Gloria Anozie-Young – “Mother of the Brides”

Best Lead Actor
Winner: Uzor Arukwe – “Colours of Fire”

Nominees:
Mike Ezuruonye – “Oversabi Aunty”
Lateef Adedimeji – “Lisabi: A Legend Is Born”
William Benson – “To Kill A Monkey”
Kanayo O. Kanayo – “Grandpa Must Obey”
Khumbuza Meyiwa – “Bet I Love You”
Wale Ojo – “3 Cold Dishes”
Femi Branch – “Red Circle”

Trailblazer Award
Winner: Uche Montana

Lifetime Achievement Award

Winners: Sola Sobowale, Kanayo O. Kanayo

Best Indigenous Language Film (Central Africa)
Winner: “Mabanda” – Kang Quintus

Nominees:
“Safou (A Gift From Nature)” – Nyasha Makamba
“Golden Spoon” – Egbe Francis Ettabrown

Best Indigenous Language Film (North Africa)
Winner: “Artal Alhanin: Our Memories” – Mohamed Awad and Mohamed Abdulraham Eldouma

Nominees:
“The Omnipresent” – Youssef Ben Khalifa
“The Delivery” – Abdalla Ezyan
“The Hidden Voice” – Houssem Eddine Abdelwahed
“This Is Portsaid” – Abdalla Ezyan

Best Indigenous Language Film (East Africa)
Winner: “Addis Fikir” – Leul Shoaferaw

Nominees:
“Inside Job” – Kamau Wandug’u, Joe Mahinda and Barbara Njeri Maina
“Sayari” – Omar Hamza and June Wairegi
“My Son” – Isarito Mwakalindile
“Kimote” – Hassan Mageye

Best Indigenous Language Film (South Africa)
Winner: “Tlhaho Ya Mosadi” – Naledi Galane, Promise Ramoroka, Ernest Ramoroka and Modipadi Mokgohioa

Nominees:
“Bet I Love You” – Joseph Duke and Keamogetse Modise
“Sebata (The Beast)” – African Entertainers
“Ben Made It” – Thabang Mathuumetse and Thapelo Dikhutso
“Terra of Queens and Kuma 2” – Neo Leonardo Mokoena

Best Scripted Series
Winner: “Inimba” – Siphosethu Tshapu, Thandi Ramathesele and Yolanda Ndhlovu

Nominees:
“To Kill a Monkey” – Kemi Adetiba
“The Yard” – James Kalu Omokwe
“The Chocolate Empire” – Grace Kahaki and Philippe Bresson
“Kash Money” – Grace Kahaki and Phillipe Benson

Best Director
Winner: “My Father’s Shadow” – Akinola Davies Jr

Nominees:
“Cordelia” – Tunde Kelani
“Osamede” – James Kalu Omokwe
“The Herd” – Daniel Etim Effiong
“Gingerrr” – Yemi Filmboy Morafa
“3 Cold Dishes” – Asurf Amuwa Oluseyi

Best Movie
Winner: “My Father’s Shadow” – Funmbi Ogunbanwo and Rachel Dargavel

Nominees:
“Gingerrr” – Ope Ajayi, Bisola Aiyeola, Bukunmi Adeaga-Ilori, Wumi Toriola, Bolaji Ogunmola and Onyeka Nnama
“The Herd” – Daniel Etim Effiong, Efe Ejukoriem, Ulogo Chukwudi, Kene Okwuosa, Craig Shurn and Ladun Awobokun
“3 Cold Dishes” – Martial Dansou, Asurf Amuwa Oluseyi and Ly Oumar
“The Serpent’s Gift” – Winifred Mena-Ajakpovi
“Behind the Scenes” – Funke Akindele and Wendy Uwadie Imaseun

 

 

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Adekunle Gold Clears Air on Twins Rumour, Reveals Truth About New Baby

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Nigerian singer Adekunle Gold has addressed widespread online speculation claiming that he and his wife, fellow musician Simi recently welcomed twins, clarifying that the reports are false.

The award-winning artiste made the clarification during a recent interview with Great Day Houston, where he spoke about his family life and creative partnership with his wife.

SEE ALSOSimi Urges Parents To Raise Independent, Self-Sufficient Daughters

Adekunle Gold described marriage to Simi as both inspiring and creatively fulfilling, noting that sharing a home with another songwriter allows them to exchange ideas and support each other musically.

He also expressed joy about their growing family, hinting at the excitement of raising children who may show interest in music.

However, addressing the viral rumours directly, the singer dismissed claims that the couple had welcomed twins.

“That is just the internet talking. We didn’t have twins, we have a son,” he clarified.

The clarification comes months after the couple announced the arrival of their second child in April, without initially revealing the baby’s gender or name—an omission that sparked widespread speculation online.

Adekunle Gold and Simi got married in January 2019 and welcomed their first child, Adejare, in 2020.

The couple remains one of Nigeria’s most admired celebrity music couples, known for balancing their public careers with private family life.

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